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1275 Mercer St
Seattle, WA 98109
1275 Mercer St · Office Property For Sale
Investment Highlights
- IRREPLACEABLE A+ LOCATION
- STRONG MULTI-FAMILY GROWTH CORRIDOR
- RARE ON-SITE PARKING GARAGE
- PREMIER URBAN INFILL LAND POSITION
- 100% LEASED - STRONG TENANCY
- OUTSTANDING DEMOGRAPHICS
Executive Summary
1275 Mercer is a 100% leased, two-tenant covered land play in Seattle’s South Lake Union. The Offering caters to passive investors who will benefit from strong in-place cash-flow with minimal management; or active investors/developers who want an A+ development site. The property is anchored by a national credit tenant alongside a local family entertainment operator, with attractive zoning and a massing study for up to 237 residential units (SM-SLU 65/95). Prime investment opportunity!
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
60,000 SF
Building Class
B
Year Built
1928
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
30,000 SF
Building FAR
1.97
Lot Size
0.70 AC
Zoning
SM-SLU 65/95 - SM-SLU 65/95
Parking
10 Spaces (0.17 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,407 CAD | |
| Land Assessment | $28,963,375 CAD | Total Assessment | $28,964,782 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$28,963,375 CAD
Improvements Assessment
$1,407 CAD
Total Assessment
$28,964,782 CAD
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